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of <h1>Revised Duty Drawback Rates Announced: Increased Rates for Shrimps, Leather, Garments; Procedural Changes u/r 7 Explained.</h1> The circular outlines revisions to the All Industry Rates (AIR) of Duty Drawback, effective from November 23, 2015, as per Notification No. 110/2015-Customs. Key changes include increased composite rates for various products such as frozen shrimps, leather goods, and garments, while certain products now have separate entries in the Drawback Schedule. Additionally, some items previously with only customs rates now have composite rates, and specific products see a reduction in rates. The Customs, Central Excise, and Service Tax Drawback Rules, 1995 have been amended to facilitate exporters of 'wheat' under the brand rate mechanism and to allow provisional drawback payments. The circular emphasizes diligence in preventing misuse and instructs on procedural changes for claiming brand rates under Rule 7 of the Drawback Rules.
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